Latest Business News
Dubai World arm cuts stake in Australia for $1.5 billion
DUBAI: DP World, the port management arm of indebted state conglomerate Dubai…
Costs of pharmaceutical drugs lowered, says health minister
CAIRO: The prices of 132 pharmaceutical drugs have been reduced by 10–60…
Egyptian pound falls to five-year low against dollar
CAIRO: The Egyptian pound fell to a five-year low against the greenback,…
Vimpelcom seeking new terms for Orascom, Wind deal
MOSCOW/CAIRO: Vimpelcom wants to renegotiate a $6.6 billion bid for control of…
Cairo to host first London Business Forum in ME
The London Business Forum Middle East will launch its first event in…
Delta Sugar to up production in 2011: reports
Egypt’s Delta Sugar will start construction on two plants next year and…
Asians in festive shopping spree as West sulks
By Roberto Coloma/ AFP SINGAPORE: Strong currencies and a travel boom are fuelling…
Saudi buyers struggle to find affordable homes, says report
DUBAI: About 28 percent of the homes supplied in the Saudi capital…
Iraq rice yield up as water, power supplies grow
MESHKHAB: The yellow fields on the banks of the Euphrates are producing…
CIB leads Egypt stock index higher
CAIRO: Egypt's benchmark share index, EGX30, rose on Monday, pulled up by…